Media giant Tribune Co, owner of the Los Angeles Times and the Chicago Tribune, emerged from bankruptcy today, ending four years of Chapter 11 reorganization, Reuters reported. Chicago-based Tribune said on Sunday that its portfolio would include eight major daily newspapers and 23 television stations. The company’s controlling owners, which include hedge funds Oaktree Capital Management LP, Angelo, Gordon & Co. and JPMorgan Chase & Co., intend to sell most, if not all, of its newspapers and already have received expressions of interest for the Los Angeles Times, the Orlando Sentinel and others, Reuters has reported. Read more.